US Gold Rose On Softer Dollar

US gold prices rose Wednesday amid fund buying and a weaker US dollar but stronger crude oil and commodities in general.

August gold settled up $1.60 to $430.90 on the Comex division of the New York Mercantile Exchange, while July silver added 5 cents to $7.33.

Fund buying appeared heaviest in the gold, said Tom Boustead, metals analyst with Refco. While there was also some in silver, this metal was also aided by dealer buying, he added.